PRCHKSCN Payroll Check Reconciliation Report

The Check Reconciliation Report application provides a report of all outstanding checks as of a particular date. The report will also, optionally, print all checks, which were reconciled on a particular bank statement.

In order to generate these reports, you must answer "Y" to the Reconcile Checks field in Payroll Setup.

The following is one procedure to use in reconciling checks:

1. After all the checks are entered via Check Reconciliation in the Processing pull down window, you can print the Check Recon­ciliation Report.

Select the range of dates for which you wish to show checks (the ending date should be the same as the statement date), and select only unpaid checks.

2. This report displays all outstanding checks (those that the bank has not paid yet).

3. Find out what the checkbook total was for the account on the statement ending date. This total, plus the total outstanding checks shown on the report, minus any charges shown in the state­ment should equal the account ending balance shown on the statement.

4. If these amounts are not equal, then you must figure out why. First, compare the total of reconciled checks to the figure on the bank statement. If they do not match, find which check amount is incorrect. Make sure that the last statement was properly recon­ciled. Make sure that there are no arithmetic errors in the checkbook. Correct any errors found.